House flippers `surprisingly unaffected` by COVID-19, but brace for mixed bag in months to come
(WorldNews Business)

CHICAGO — Born from the burgeoning real estate market that preceded the Great Recession, flipping homes has become a national fascination over the past two decades. Thrifty bargain hunters scooped up foreclosed or decrepit properties, renovated them and quickly resold for a tidy profit. The good news for those who have made a career out of the practice: It seems, at least for the time being, that house flipping has proven relatively pandemic-proof. “My business has been surprisingly unaffected,” said Andy Goldman, whose family has been in the house-flipping business since the 1980s. In the first three months of 2020, 7.5% of homes sold in the United States were flipped, according to a June...